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...Running Head: MACROECONOMICS TERM PAPER 1
Macroeconomics Term Paper
MACROECONOMICS TERM PAPER 2
Abstract
Using the required United States economic indicators the federal government uses to guide the economy, I researched and analyzed each indicator by comparing the data from 2010 to that of 2011. Even though a large number of economists are optimistic, my opinion is that while recovery is progressing, the pace at which we are moving is not fast enough to rejuvenate consumer confidence. Based on what I have read and have learned in the classroom over the last few weeks, I am even more concerned for our future than I was before I started to learn the world of economics. The comparisons of the economic indicators paint a very dismal picture to me.
MACROECONOMICS TERM PAPER 3
Gross Domestic Product
After learning what the Gross Domestic Product (GDP) is, I better understand the data I researched. Based on what I read on the Bureau of Economic Analysis website, Table 1 – Real Gross Domestic Product and Related Measures, the Gross Domestic Product for June of 2010 (Q3) was 2.5 percent compared to the Gross Domestic Product of 2.0 percent, only a year later in June of 2011 (Q3); a deficit of .5 percent between the two years. ......

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*21266*
Fri, Nov 9, 2001 11:52 AM
C H A P T E R
The Science of Macroeconomics
The whole of science is nothing more than the reﬁnement of everyday thinking. — Albert Einstein
1
O N E
1-1 What Macroeconomists Study
Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high rates of inﬂation while others maintain stable prices? Why do all countries experience recessions and depressions—recurrent periods of falling incomes and rising unemployment—and how can government policy reduce the frequency and severity of these episodes? Macroeconomics, the study of the economy as a whole, attempts to answer these and many related questions. To appreciate the importance of macroeconomics, you need only read the newspaper or listen to the news. Every day you can see headlines such as INCOME GROWTH SLOWS, FED MOVES TO COMBAT INFLATION, or STOCKS FALL AMID RECESSION FEARS. Although these macroeconomic events may seem abstract, they touch all of our lives. Business executives forecasting the demand for their products must guess how fast consumers’ incomes will grow. Senior citizens living on ﬁxed incomes wonder how fast prices will rise. Recent college graduates looking for jobs hope that the economy will boom and that ﬁrms will be hiring. Because the state of the economy affects everyone, macroeconomic issues play a central role in political debate.Voters are aware of how......

...Macroeconomics
Macroeconomics focuses on amassed fluctuations and trends of the whole economy. It includes unemployment, capital flows, poverty, inflation etc. We have covered three major topics with reference to US economy, namely-
• Inflation rate in U.S
• Unemployment rate in US
• Is the recession in U.S over?
The inflation rate is essential indicator of the economy. It shows how fast the prices fluctuate in the economy. It is measured by CPI (Consumer price index). Healthy inflation rate is 2%, once the unstable effects of food, gas and oil prices are uncovered. The Unites States have reported the latest annual inflation rate as 15%, as per BLS (Bureau of Labor Statistics). It was recorded in January 2013. Many people in America worry about the inflation rate, as the rise in prices could make lives tough, but as we have a look at the history of inflation rates, we get reassurance. The average long term inflation rate is approx 3.3%, and has very hardly ever reached double digits. In October 2013, the U.S consumer prices unpredictably fell and the inflation rate went to the lowest level in last four years which should have given the Federal Reserve an opportunity to preserve bond purchases for some time. This unexpected slip in consumer price index was due to sharp fall in gasoline prices in the previous month. In U.S. the most important types in unadjusted consumer price Index for all built-up consumers are shelter (31% of total index) and goods other than......

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mACROECONOMICS
RECOMMENDATION FOR OPENING A GAS STATION
June 16, 2014
DeVry University
June 16, 2014
DeVry University
TABLE OF CONTENT
Contents
TABLE OF CONTENT 1
INTRODUCTION 2
ECONOMIC FACTORS 2
GROSS DEMESTIC PRODUCT 2
INTEREST RATES 3
UNEMPLOYMENT 3
BUSINESS CYCLE 4
FISCAL POLICY 5
INTERNATIONAL TRADE 5
POPULATION AND DEMOGRAPHICS 5
RECOMMENDATION 6
REFERENCES 7
INTRODUCTION
Starting a successful business depends on how well you understand and research macroeconomic factors, despite the common belief that you will succeed as long as you work hard.
To determine the level of risk associated with opening a new business there are several key economic factors you need to look at. These factors are Gross Domestic Product (GDP), interest rates, level of Unemployment, business cycle, fiscal policy, monetary policy, international trade, and finally population and demographics.
I would like to talk a little on each of these factors followed by my recommendation
ECONOMIC FACTORS
GROSS DEMESTIC PRODUCT
The GDP, also known as The Gross Domestic Product, is the total value of the production of goods and services in the United States (Hubbard & O’Brien, 2013). The GDP is an indicator of how well businesses are doing, in the present economy, because if companies are spending money they must also be making money. According to the Bureau of Economic Analysis, there was an...

...Macroeconomics Term Paper: Wells Fargo in Ireland |
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Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo and opened for business in the gold rush port of San Francisco. Wells Fargo offered banking (buying gold and selling paper bank drafts as good as gold) and express delivery of the gold and anything else valuable. By the 1860s, Wells Fargo earned everlasting fame and its corporate symbol, the stagecoach.
In 1888, Wells Fargo became the country’s first nationwide express company. By 1918, Wells Fargo was part of 10,000 communities across the country, however that year the federal government took over the nation’s express network as part of its effort in the First World War and Wells Fargo was left with just one bank in San Francisco eventually expanding in 1923 to two banking halls. In the 1980s, Wells Fargo expanded into a statewide bank, became the seventh largest bank in the nation, and launched its online service. In the 1990s, Wells Fargo returned to its historic territory throughout the Western, Midwestern and Eastern states. Today, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. According to Forbes.com, as of May 2013 Wells Fargo’s market cap was $201.35 billion. ......

...Fundamentals of Macroeconomics Paper
Kimberly Gay, Janine Lewis, Rosalyn O’Brien, Vicente Rodriguez, Marie Watts
ECO/372
January 30, 2015
Kathy Crump
Introduction
There are many factors that contribute to the current state of the United States economy. An analysis of the current performance of certain factors can help to determine the financial decisions and the fiscal policies the government will need to recommend for the future. We will discuss in detail four important factors; unemployment, expectations, consumer income, and interest rates, their existing effect on aggregate demand and supply as they relate to the Keynesian and Classical model.
Unemployment
According to the Bureau of Labor Statistics (BLS), the current and official unemployment rate is the lowest is has been since 2008. As of December of 2014, the official unemployment rate is at 5.6 percent ("Bureau of Labor Statistics", 2015). Before this, the lowest it has been was in 2008 when the percentage was at 5 to 5.4. Though this recent recession has put a strain on the U.S. economy, there seems to be a slow improvement on the unemployment rate. Time will tell if the upcoming fiscal policies will see this trend continue or cause an increase in the unemployment rates.
Expectations
Expectations of consumers and businesses determine the future of the economy. In June of 2014, the American people’s outlook on the U.S. economy experienced a one-year high of 48.5, according to......

...Macroeconomic Picture of Agriculture sector in Indian Economy
Theodore Schultz began his acceptance speech for the 1979 Nobel Prize in Economics observing:
“Most of the people in the world are poor, so if we knew the economics of being poor we would know much of the economics that really matters. Most of the world's poor people earn their living from agriculture, so if we knew the economics of agriculture we would know much of the economics of being poor” (Shultz, 1979).
Existing empirical evidence on the impact of macroeconomic variables on agriculture remains mixed and inconclusive. This paper re-examines the dynamic relationship between monetary policy variables and agricultural prices using alternative vector auto regression (VAR) type model specifications. Directed acyclic graph theory is proposed as an alternative modeling approach to supplement existing modeling methods. Similar to results in other studies, this study Â’s findings show that over the time period analyzed (1975Â–2000), changes to money supply as a monetary policy tool had little or no impact on agricultural prices. The primary macroeconomic policy instrument that affects agricultural prices is the exchange rate, which is shown to be directly linked to interest rate, a source of monetary policy shock.
The Transmission of Exchange Rate Changes to Agricultural Prices (July 2009) provides empirical evidence that price and exchange rate transmission for agricultural products is low in most......

...CONSUMER PRICE INDEX
The consumer price index or CPI is a more direct measure than per capita GDP of the standard of living in a country. It is based on the overall cost of a fixed basket of goods and services bought by a typical consumer, relative to price of the same basket in some base year. By including a broad range of thousands of goods and services with the fixed basket, the CPI can obtain an accurate estimate of the cost of living. It is important to remember that the CPI is not a dollar value like GDP, but instead an index number or a percentage change from the base year. Each month, the Bureau of Labor Statistics publishes an updated CPI. While in practice this is a rather daunting task that requires the consideration of thousands of items and prices, in theory computing the CPI is simple.
CONSTRUCTING THE CPI:
The CPI is computed through a four-step process.
1. The fixed basket of goods and services is defined. This requires figuring out where the typical consumer spends his or her money. The Bureau of Labor Statistics surveys consumers to gather this information.
2. The prices for every item in the fixed basket are found. Since the same basket of goods and services is used across a number of time periods to determine changes in the CPI, the price for every item in the fixed basket must be found for every point in time.
3. The cost of the fixed basket of goods and services must be calculated for each time period. Like computing GDP, the cost of the......

...Flexible Organization
Macroeconomics, sixth edition is organized around two central parts: A core and a set of two major extensions. The text’s
flexible organization emphasizes an integrated view of macroeconomics, while enabling professors to focus on the theories,
models, and applications that they deem central to their particular course.
The flowchart below quickly illustrates how the chapters are organized and fit within the book’s overall structure.
For a more detailed explanation of the Organization, and for an extensive list of Alternative Course Outlines,
see pages xiii–xv in the preface.
INTRODUCTION
A Tour of the World Chapter 1
A Tour of the Book Chapter 2
THE CORE
The Short Run
The Goods Market Chapter 3
Financial Markets Chapter 4
Goods and Financial Markets: The IS-LM Model Chapter 5
The Medium Run
The Labor Market Chapter 6
Putting All Markets Together: The AS-AD Model Chapter 7
The Natural Rate of Unemployment and The Phillips Curve Chapter 8
The Crisis Chapter 9
The Long Run
The Facts of Growth Chapter 10
Saving, Capital Accumulation, and Output Chapter 11
Technological Progress and Growth Chapter 12
Technological Progress: The Short, the Medium, and the
Long Run Chapter 13
EXPECTATIONS
THE OPEN ECONOMY
Expectations: The Basic Tools Chapter 14
Financial Markets and Expectations Chapter 15
Expectations, Consumption, and Investment Chapter 16
Expectations, Output, and Policy Chapter 17
EXTENSIONS
Openness in......

...Flexible Organization
Macroeconomics, sixth edition is organized around two central parts: A core and a set of two major extensions. The text’s
flexible organization emphasizes an integrated view of macroeconomics, while enabling professors to focus on the theories,
models, and applications that they deem central to their particular course.
The flowchart below quickly illustrates how the chapters are organized and fit within the book’s overall structure.
For a more detailed explanation of the Organization, and for an extensive list of Alternative Course Outlines,
see pages xiii–xv in the preface.
INTRODUCTION
A Tour of the World Chapter 1
A Tour of the Book Chapter 2
THE CORE
The Short Run
The Goods Market Chapter 3
Financial Markets Chapter 4
Goods and Financial Markets: The IS-LM Model Chapter 5
The Medium Run
The Labor Market Chapter 6
Putting All Markets Together: The AS-AD Model Chapter 7
The Natural Rate of Unemployment and The Phillips Curve Chapter 8
The Crisis Chapter 9
The Long Run
The Facts of Growth Chapter 10
Saving, Capital Accumulation, and Output Chapter 11
Technological Progress and Growth Chapter 12
Technological Progress: The Short, the Medium, and the
Long Run Chapter 13
EXPECTATIONS
THE OPEN ECONOMY
Expectations: The Basic Tools Chapter 14
Financial Markets and Expectations Chapter 15
Expectations, Consumption, and Investment Chapter 16
Expectations, Output, and Policy Chapter 17
EXTENSIONS
Openness in......

...MACROECONOMICS
PRIYANKA DEY
FT171068
What is actually Macroeconomics? The branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity. So the word can be interpreted as the driving forces, factors and decisions ultimately implemented as policies that corresponds to the growth of economy of the nation are included in Macroeconomics.
Let’s focus on the prospects how China managed to enter into the race turning its macroeconomics strategies and outshine as one of the major economic success taker with respect to United States.
UNITED STATES(18558.13 Billions of $ GDP)-
The U.S. economy has been the largest and most important in the world. The U.S. economy represents about 20% of total global output, and is still larger than that of China. The U.S. economy features a highly-developed and technologically-advanced services sector, which accounts for about 80% of its output.The U.S. also has an important manufacturing base, which represents roughly 15% of output. The U.S. is the second largest manufacturer in the world and a leader in higher-value industries such as automobiles, aerospace, machinery, telecommunications and chemicals.The country has access to abundant natural resources and a...

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|Italy |
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|17.11.2011 |
Italy´s current economic situation and its prediction for the future
Macroeconomics 2
Take the art works of Botticelli, Leonardo da Vinci, Michelangelo, Tintoretto and Caravaggio, the operas of Verdi and Puccini, the cinema of Federico Fellini, add the architecture of Venice, Florence and Rome and you have just a fraction of Italy's treasures from over the centuries.
While the country is renowned for these and other delights, it is also notorious for its precarious political life and has had several dozen governments since the end
of World War II.
In my report I would like to look at current situation of Italy, especially economy and some predicting for the future.
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises.
Italy is the fourth largest......

...100%
*21266*
Fri, Nov 9, 2001 11:52 AM
C H A P T E R
The Science of Macroeconomics
The whole of science is nothing more than the reﬁnement of everyday thinking. — Albert Einstein
1
O N E
1-1 What Macroeconomists Study
Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high rates of inﬂation while others maintain stable prices? Why do all countries experience recessions and depressions—recurrent periods of falling incomes and rising unemployment—and how can government policy reduce the frequency and severity of these episodes? Macroeconomics, the study of the economy as a whole, attempts to answer these and many related questions. To appreciate the importance of macroeconomics, you need only read the newspaper or listen to the news. Every day you can see headlines such as INCOME GROWTH SLOWS, FED MOVES TO COMBAT INFLATION, or STOCKS FALL AMID RECESSION FEARS. Although these macroeconomic events may seem abstract, they touch all of our lives. Business executives forecasting the demand for their products must guess how fast consumers’ incomes will grow. Senior citizens living on ﬁxed incomes wonder how fast prices will rise. Recent college graduates looking for jobs hope that the economy will boom and that ﬁrms will be hiring. Because the state of the economy affects everyone, macroeconomic issues play a central role in political debate.Voters are aware of how......